China The Winner In Putin-Biden Tussle? Moscow Exchange Halts Dollar, Euro Trade After US Sanctions

The Moscow Exchange (MOEX) suspended trading in dollars and euros on June 12 after the US announced a new raft of measures targeting Russia's financial institutions. MOEX, in a statement, said, "The suspension affects foreign currency, precious metals, trade, as well as stock on Russia’s largest public trading markets." This comes after the Biden administration sanctioned 300 additional individuals and entities in Russia and elsewhere, which it accuses of having links to Moscow’s “war economy.” Watch

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#russia #dollar #us #euro #trading #putin #biden #moscowexchange #sanctions #titfortat #financialinstitutions #publictradingmarkets #bidenadmin #ussecyofstate #ustreasurydept

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[hirok]

The world has started to move. Exploitation has ended.

[brendafulmernickel]

This is a wise move moving forward as other countries will soon realize!

[kenaut]

Good job Russia! About time US dollar rate should go down around the world.👍💪

[timbob]

De coupling from dollar euros scam is the only safe way forward for any international currency 🎉🎉🎉

[GarbaAbu-et]

Putin the man i have been admiring for more than two decades

[Testio]

Isn’t it ironic that the moment Russia stopped using the dollar its economy grew by 7% by the end of the year since the sanctions!

[mejjarsagent]

China 🇨🇳 overcapacity
Russia 🇷🇺 military equipment over production
usa 🇺🇲 over spending and keeps on blaming the east😂

[johnnyblaze]

BRICS needs to boycott dollar & euro. After game over for nato. Because without BRICS, nato can't survive.

[munaropambayi]

Wish Moscow all the best in defending bullying

[onncpp]

Anyone else feels like US is picking a fight for no reason, or it's just me

[NomanUddin-xwhx]

That's why countries are looking for alternative and joining BRICS. US dollar dominance will be end soon.

[bang]

Well done Russia. Russia is thw 4th largest economy in PPP terms. The US stands 2nd after china. America is no longer all that. Countries have started to punch back, a very good development indeed

[MohammedImran-pccb]

Chinese yuan and india rupee must be the top priority to counter the sanctions

[peterchin]

China still holds about 775 billions of US Treasury bonds. It is about time China should offload more...may be 50 billions a month and use the proceeds to buy gold.

[ismail-sait]

Why does the US always treat other nations in such a venditative way ?

[MDin]

Respect to Russia and China. You done good.

[ganesanjayaraman]

Time for India to Fully float the Currency. There should be no delay in this announcement.

The Rupee will appreciate by about 10% immediately and the interest rates will go down by 1-3% giving enough room for RBI to adjust itself.

JaiHind!

[shubhamsingh-cxcq]

Good for Russian future and world need to see this carefully and prepared for moving away from dollar because no trust on thieves anyone will be next 💯 country needs to be independent

[daramy]

Blocking other countries (Russia) from using your currency (Dollar) is like a Central Bank (U.S.) sanctioning itself. I am an Engineer (Electrical), but such actions cast doubt on a nation's financial acumen.

[darkcloud]

The world should follow. Why trade in US & Euros when they dictate everything? Trade with your own currency.